Dear Experts,

ABC LTD have a Car purchased 2 years back AND today incurred Rs. 9000 for its new tyre purchase,I want to know that said expenses fall in which category whether it is a revenue expenditure or its a capital nature expenses.



Thanks

what types of exp we can club under group rates and tax I know only one wealth tax ...pls suggest some exp head whcih we account under rates & taxes

sir i cant understand what is the issue in extension of date of filing tax audit report. i have read various articles that income tax audit report cannot be filed before filing the tax audit report. so the extension of only tax audit report is not giving satisfaction to cas plz explain what is the link between tax audit report and income tax audit report. tax audit is applicable to companies, firm whose turnover exceeds 1crore. than what is this income tax audit report and how it is related to extension in date of tax audit report plzzzz explain...

What is the journal entry for capitalization of preliminary expenses?

If it is Preliminary Expenses Dr
To Cash/Bank


What is the logic behind affecting cash/Bank account for the expenses which are incurred before the incorporation of the company?
What if at the time of incorporation of the company, the firm doesn't have a bank account?

we had paid servie tax on tranportation pls let me know where it should be club under group rates and tax or other exp

Dear Sir, A company having only 2 directors and both are additional since 2010. The problem is that they have not been regularised. the question is that are they eligible to sign balance sheet

As we know that if a private company fulfills the condition then it is exempted from CARO reporting in audit report. Now my question is whether we have to give the reporting in current year if it is given in prev year although it is exempted in cy as per conditions given.

golden rule of journal entries

what r the changes in FR (final) for Nov 2014

In CA-CPT course. there is a chapter Indian Contract Act 1872 ,but now new contract act is 2013 . so the questn which is asked in december 2014 is based on 2013 act or 1872 ?